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Nov 16, 2013
11/13
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. >> booyah steve. >> from st. louis the home of the 11 time st. louis cardinals but sadly not this year. >> well, okay. >> a big sunny san diego booyah too you. >> charger booyah? >> hey, jim, the great city of virginia beach. a great big booyah. how are you doing today? >> i'm going to give you an allen iverson booyah. >> okay. >> what are we talking about? practice? >> as of today they're giving you a 56% gain. and that's over the course of less than five months. trying to fight a sneeze. [ sneezing ] >> it's better to fight it than sneeze. >> take a look at the daily chart. the fabulous cup and handle formation. the one that looks like a little teacup with the handle on the right side. the cup and handle. oh, boy, holy cow. an inverse head and shoulders pattern. s see? well, i was trying to make a smiley face. >> filled in, boom. >> it's the bullish cross over where the black line goes above the red line. just a second. -- yep. definitely. >> it's clear. if it's a little yellow dot usually that means that. oh, that's mcdonald's, sorry. >>> befo
. >> booyah steve. >> from st. louis the home of the 11 time st. louis cardinals but sadly not this year. >> well, okay. >> a big sunny san diego booyah too you. >> charger booyah? >> hey, jim, the great city of virginia beach. a great big booyah. how are you doing today? >> i'm going to give you an allen iverson booyah. >> okay. >> what are we talking about? practice? >> as of today they're giving you a 56% gain. and that's over the...
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Nov 6, 2013
11/13
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let us bring in steve and robert. steve, first to you, any names that you just love out of that group? >> well, none that i just love that trade in any kind of elevated market cap. but there are a few that i think are decent and most of them are actually in the equity income space. i think you're really -- as the average investor stay away from the stuff trading at 20 and 30 times revenues. $1,000 that was invested in amazon could have been invested in pets.com or web van or cosmos or health central.net or all these high flyers from '99 that went to zero. it's difficult to identify with any kind of certainty what the high flyers will be. there are names that tend to have decent income. there's some real estate investment trusts that came, few mlps that came, those look kind of interesting although i think the cheapest ones aren't the ones that ipoed this year. >> bob pisani were telling us there a couple sectors hot at the moment, lot of ipos from those like internet security and cloud and it could be overdone. do any
let us bring in steve and robert. steve, first to you, any names that you just love out of that group? >> well, none that i just love that trade in any kind of elevated market cap. but there are a few that i think are decent and most of them are actually in the equity income space. i think you're really -- as the average investor stay away from the stuff trading at 20 and 30 times revenues. $1,000 that was invested in amazon could have been invested in pets.com or web van or cosmos or...
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Nov 11, 2013
11/13
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. >> steve weiss, they love the stocks. they say the valuations are too high, relative to the long-term growth prospects. >> i didn't get it. to me the -- sitting on the fence, i'm keeping a buy on the stocks. i'm lowering rating on what is the cheapest low with priceline, but if they go down i don't get credit if they trade off. the market looking at momentum in a different way? maybe a short time basis. to me they're working as they've have been working. we talked about before the show, each of the companies has raised earnings in their quarterly reports. >> analysts, did, too, across the board. >> i have no idea what the analysts is talking. >> the same analysts who hated the stock at 21. why are we paying attention to analysts. >> they made it a point of of saying earnings aren't going up, multiples are going out. >> certain names you could have had the same discussion on 50 points, 100. >> 200 points. >> doesn't matter if amazon makes or loses money. netflixes, the same thing, they have the defensible positions and ult
. >> steve weiss, they love the stocks. they say the valuations are too high, relative to the long-term growth prospects. >> i didn't get it. to me the -- sitting on the fence, i'm keeping a buy on the stocks. i'm lowering rating on what is the cheapest low with priceline, but if they go down i don't get credit if they trade off. the market looking at momentum in a different way? maybe a short time basis. to me they're working as they've have been working. we talked about before the...
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Nov 4, 2013
11/13
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not steve cohen or anybody else. there should be minimal impact, important for our viewers to the markets and to other parties who do business with sac. still, the questions from the audience were skeptical. a lot of questions about why steve cohen was ultimately not a part of this, what happens next. there's a sense that sac wants to reopen after just a short period of time. bharara was having to say no, that's not going to happen. they have about five years to unwind and we think it will take less than that. what they do after that whether they open up a new fund or turn night a family office is up to other parties. here's what he had to say about the significance overall. >> greed sometimes is not good. and there are at least 75 convicted insider trading defendants who today would likely agree. but individual guilt is not the whole of our mission. sometimes blame worthy institutions need to be held accountable too. no institution should rest easy in the belief that it is too big to jail. >> reporter: so obviously
not steve cohen or anybody else. there should be minimal impact, important for our viewers to the markets and to other parties who do business with sac. still, the questions from the audience were skeptical. a lot of questions about why steve cohen was ultimately not a part of this, what happens next. there's a sense that sac wants to reopen after just a short period of time. bharara was having to say no, that's not going to happen. they have about five years to unwind and we think it will take...
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Nov 15, 2013
11/13
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>> boo-yah, steve. >> caller: from st. louis, minnesota. >> a big sunny san diego boo-yah to ya. >> yeah, charger boo-yah? >> caller: hey, jim, it's nathaniel in the great city of virginia beach, a great big boo-yah. how you doing today? >> i'm going to give you an alan iverson boo-yah. >> okay. >> what are we talking about? practice? practice? >> and as of today, go-go is now giving you a remarkable 56% gain in the aftermarket. and that's from when it became public. and that's over the course of less than five months -- i'm trying to fight a sneeze. [ sneezes ] it's better to fight it than sneeze. [ sneezes ] . take a look at this. take a look at nov's daily chart. the fabulous cup and handle formation. the one that looks like a little tea coming up with the handle on the right side. the cup and handle! oh, boy. holy cow. an inverse head and shoulders pattern. see? well, i was trying to make a smiley face. yeah, see, filled in, boom. that's a bullish crossover, where the black line goes above the red line, just a second.
>> boo-yah, steve. >> caller: from st. louis, minnesota. >> a big sunny san diego boo-yah to ya. >> yeah, charger boo-yah? >> caller: hey, jim, it's nathaniel in the great city of virginia beach, a great big boo-yah. how you doing today? >> i'm going to give you an alan iverson boo-yah. >> okay. >> what are we talking about? practice? practice? >> and as of today, go-go is now giving you a remarkable 56% gain in the aftermarket. and that's...
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Nov 19, 2013
11/13
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steve liesman's been digging into that all day. he brings us his latest findings still to come on the "closing bell." i'm beth... and i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being in business because we like being creative, we like interacting with people. so you have time to focus on the things you love. ink from chase. so you can. ♪ [ male announcer ] laura's heart attack didn't come with a warning. today her doctor has her on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor before you begin an aspirin regimen. >>> welcome back. well, there has been a lot of talk surrounding the bitcoin mania. what exactly is a bitcoin? >> i'm glad you asked. we put t
steve liesman's been digging into that all day. he brings us his latest findings still to come on the "closing bell." i'm beth... and i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being...
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Nov 27, 2013
11/13
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this miley cyrus "wrecking ball" parody on youtube in just 24 hours, the man on the wrecking ball is steve cardinal. he pulled this stunt on monday and the video is surpassed the view count for the official videos of miley's performances at the vmas and amas. is this the first time you're seeing it? >> >> i've seen it unfortunately, but -- >> you've seen it. >> it's like a wrecking ball for my ocular -- >> yes. >> optic nerve. >> you can't unsee that. >> take it to my head because i can't get that immam maj burned in my brain. >> check out the james franco, seth rogen, kanye west parody, it's special. >> i have not seen that one. >> i haven't. >> it's got to be better than the "wrecking ball". >> it's fantastic. >> that is -- >> or bad-tastic. >> you must. >> morbid curiosity i'm going to go do it. >> trouble in tech toyland. the consumer electronics association saying only 31% of shoppers plan to buy electronic products this weekend, compares to 49% last year, 52% in 2011, 5% in 2010. why is this trend happening, jon? >> does anybody really plan on buying tech gadgets or are you in the ma
this miley cyrus "wrecking ball" parody on youtube in just 24 hours, the man on the wrecking ball is steve cardinal. he pulled this stunt on monday and the video is surpassed the view count for the official videos of miley's performances at the vmas and amas. is this the first time you're seeing it? >> >> i've seen it unfortunately, but -- >> you've seen it. >> it's like a wrecking ball for my ocular -- >> yes. >> optic nerve. >> you can't...
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Nov 14, 2013
11/13
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i hear what steve is saying. believe me, it under performed for a reason. >> this is probably going to take part in it as well. it will trade with crude. it is up 7%, year to date and the market is up 20. >> perry now holds .2 million shares of the company. i- >> another name that we have talked about for a long time. we said give him time and he will sort it out and we have. yes, the stock has moved considerably since then. >> and lastly, leone cooperman's advisor is disclosing a new 2.8 million position. >> i can see why he gets into this but steve and i were talking about this today before the show. i'm short copper. there is is a huge difference. if you believe that copper is going to drop. >> we like to watch them. there are a number of enormous caveats that you should have in mind. >> that right. we always high lid. which i think they should, you and i talked about that a lot. i think you could really get a sense. >> it wouldn't be so silly as to disclose the short that really crushed the pole. >> you have
i hear what steve is saying. believe me, it under performed for a reason. >> this is probably going to take part in it as well. it will trade with crude. it is up 7%, year to date and the market is up 20. >> perry now holds .2 million shares of the company. i- >> another name that we have talked about for a long time. we said give him time and he will sort it out and we have. yes, the stock has moved considerably since then. >> and lastly, leone cooperman's advisor is...
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Nov 6, 2013
11/13
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a new kind of republican, steve. that's the basic deal. he knows how to make deals and cross the aisle without giving up his principals. so do you feel chris christie is your toughest opponent? >> he would be a very good general election opponent. the question is is it possible for chris christie to get through the republican primary? what happens is it's dominated by rand paul. they make it difficult for chris christie to get back to the middle once he gets through a republican primary. you saw it with mitt romney. it was a tough deal. tough general election candidate. >> bob cost at that, up or down? >> chris christie is the lone success story. >> thank you, steve mcmahon. thank you robert cost at that. you guys are great. that's it for this evening's show. more of the election results tomorrow night. thanks for watching. i'm larry kudlow. ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadill
a new kind of republican, steve. that's the basic deal. he knows how to make deals and cross the aisle without giving up his principals. so do you feel chris christie is your toughest opponent? >> he would be a very good general election opponent. the question is is it possible for chris christie to get through the republican primary? what happens is it's dominated by rand paul. they make it difficult for chris christie to get back to the middle once he gets through a republican primary....
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Nov 21, 2013
11/13
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thank you, steve. >> be careful. the stock that is not much of an overhang. a lot of people knew this. going for the job saying this is happening. those are taking it. you won't see it last a day unless the futures go up. gm doing better in europe and china. it is a good story. ford not going up since the -- the stock shouldn't be up at all. >> along with that a lot of retail numbers. shares of target are down sharply. discount retailer posting results below estimates siting delusion relating to the canadian segment where gross margins 13.8 versus 30%. >> it is the comp stores .9%. costco is .56. there is the halo. people want to give target the benefit of the doubt. you keep thinking this is going to be the breakout. the idea that we are going to wake up and target is going to be the same old target is not happening. it is a decent story, not a great story. i see no reason to buy or sell. >> you are neutral. >> when you have outfits like costco and williams sonoma i question why i have to own the stock. my travel i thought lowe's was terrible. expectations a
thank you, steve. >> be careful. the stock that is not much of an overhang. a lot of people knew this. going for the job saying this is happening. those are taking it. you won't see it last a day unless the futures go up. gm doing better in europe and china. it is a good story. ford not going up since the -- the stock shouldn't be up at all. >> along with that a lot of retail numbers. shares of target are down sharply. discount retailer posting results below estimates siting...
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Nov 6, 2013
11/13
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we have got some rare footage of steve cohen and he is in a fighting mood. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. >> you >> you don't have to change your statement. >> i want to know which one is the policy. >> i will answer the question the way i want to answer it. >> but it's non-responsive. >> okay. i'm answering it because i believe that the intent of this is to have the employee act in a certain way. there may be a time and i can think of times when he uses his own judgment because he knows how to act in the situation. >> you're looking a
we have got some rare footage of steve cohen and he is in a fighting mood. tdd#: 1-800-345-2550 trading inspires your life. tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550...
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201
Nov 4, 2013
11/13
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>> this is that -- >> how's that, steve? >> let me do it the way steve would do it. he'll ask you this later. what month will the taper begin? >> no, joe, you do this, i don't. >> i do that? >> this is a data-dependent program. and we're going to look at the data and make a decision at each meeting. and so i do think we've made substantial progress in labor markets, unemployment is down almost a full point from when we started this program in september 2012. we've got faster job growth to the tune of 40,000, 50,000 per month since we started the program as compared to the six months before the program started. >> but the last couple haven't been -- >> they haven't been -- they've been a little mixed recently. but i think this motion of cumulative progress is the one you want to think about. and we have had a lot of cumulative progress in labor markets. and every jobs report that continues to show more jobs being created and a tick down in the unemployment rate, is going to mean the probability of a taper goes up. >> plus, you've got skewed data. >> yeah. this report
>> this is that -- >> how's that, steve? >> let me do it the way steve would do it. he'll ask you this later. what month will the taper begin? >> no, joe, you do this, i don't. >> i do that? >> this is a data-dependent program. and we're going to look at the data and make a decision at each meeting. and so i do think we've made substantial progress in labor markets, unemployment is down almost a full point from when we started this program in september 2012....
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Nov 25, 2013
11/13
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i'm steve wynn. i run this place. >> you see i get enough towels. >> the golden nugget became wynn's golden egg. las vegas was just a bunch of casinos in the 1980s when steve wynn built the mirage, the first luxury resort on the strip. outside, a volcano exploded every 15 minutes. inside, he hired siegfried and roy to perform. next door, he built another hotel and brought cirque du soleil to las vegas for the first time. the strip wasn't just about gambling anymore, and steve wynn was hailed as a visionary. >> i've been given too much credit for that, really. if you look at las vegas in the 1980s, there hadn't been anything built since 1973 new. and so the city was in a time warp. and, as has so often been the case, in the valley of the blind, the one-eyed man is king. >> so you had an idea, and you were king. >> yeah, all of a sudden, i looked like i was a rocket scientist. >> not a rocket scientist but a showman. >> captain of the britannia! ready, aim, fire! [explosions booming] >> when he implode
i'm steve wynn. i run this place. >> you see i get enough towels. >> the golden nugget became wynn's golden egg. las vegas was just a bunch of casinos in the 1980s when steve wynn built the mirage, the first luxury resort on the strip. outside, a volcano exploded every 15 minutes. inside, he hired siegfried and roy to perform. next door, he built another hotel and brought cirque du soleil to las vegas for the first time. the strip wasn't just about gambling anymore, and steve wynn...
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364
Nov 8, 2013
11/13
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rick, steve, mark, kevin, austan, did i forget anyone? andrew, thank you. >> it's been lovely being here. i appreciate it. thank you very much. >>> coming up -- shares of whole foods fell sharply after the company lowered guidance and reported quarterly revenue that missed expectations. up next, the co-ceo walter robb. going to talk about plans for expansion. and i've got to talk to him about all that whole paychex stuff. don't miss "squawk box" on tuesday, kicking off the dealbook conference in new york city. among the headliners, dan loeb and many others. that starts tuesday, 6:00 a.m. eastern time. back in a moment. at farmers, we make you smarter about insurance. because what you don't know, can hurt you. what if you didn't know that posting your travel plans online may attract burglars? [woman] off to hawaii! what if you didn't know that as the price of gold rises, so should the coverage on your jewelry? [prospector] ahh! what if you didn't know that kitty litter can help you out of a slippery situation? the more you know, the better
rick, steve, mark, kevin, austan, did i forget anyone? andrew, thank you. >> it's been lovely being here. i appreciate it. thank you very much. >>> coming up -- shares of whole foods fell sharply after the company lowered guidance and reported quarterly revenue that missed expectations. up next, the co-ceo walter robb. going to talk about plans for expansion. and i've got to talk to him about all that whole paychex stuff. don't miss "squawk box" on tuesday, kicking off...
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150
Nov 4, 2013
11/13
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the southern district, a feeling that this is not over yet, answering a lot of questions about why steve cohen was not ultimately a part of this case, whether he could be in the future and they did say we're certainly keeping every possibility open. a lot of confusion, too, about what's next for sac. there is this five-year probation so at max, bharara explained it will take them five years to wind down their current businesses and close forever. they may be able to become a family office for some period of time, perhaps the principals will reopen a new hedge fund at some point. we'll wait for more clarity from sac which has yet to comment, but a little bit of a defense there in spite of the fact that this was a landmark amount of money and there were five guilty pleas to securities and wire fraud is somewhat unprecedented, tyler and sue, or perhaps entirely unprecedented. we don't know what all the other cases are but the amount of money certainly is. >> i know we have to go, but kate, what was your read of that statement that i put the question to bethanie, that no institution is too b
the southern district, a feeling that this is not over yet, answering a lot of questions about why steve cohen was not ultimately a part of this case, whether he could be in the future and they did say we're certainly keeping every possibility open. a lot of confusion, too, about what's next for sac. there is this five-year probation so at max, bharara explained it will take them five years to wind down their current businesses and close forever. they may be able to become a family office for...
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146
Nov 20, 2013
11/13
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steve, thank you very much for that. so how should you play the fed's continuing easing monetary policy? let's get some reaction from our first-class market econ panel. diane diane and john, welcome to you both. >> good morning. >> good morning. >> what is the event risk once we get past thanksgiving now? are we getting to that jobs data in two weeks' time? >> i mean, there's a couple of them. i think one we haven't talked about yet is that december 13th date by which paul ryan and patty murray have to get together and put something on the table for congress to take a look at and avoid sequestration. there's a number of binary outcomes. there's a number of things they could do and you don't want to cause that uncertainty before the holiday season. if you look at it seasonally, this period between now, november and the end of april is a great time for stocks. so that's going to weigh on investor minds as well. >> this is why i think the event risk is rising. explicitly paul ryan, house budget committee chairman said yeste
steve, thank you very much for that. so how should you play the fed's continuing easing monetary policy? let's get some reaction from our first-class market econ panel. diane diane and john, welcome to you both. >> good morning. >> good morning. >> what is the event risk once we get past thanksgiving now? are we getting to that jobs data in two weeks' time? >> i mean, there's a couple of them. i think one we haven't talked about yet is that december 13th date by which...
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30
Nov 20, 2013
11/13
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eye 30
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steve rightly said, the minutes were rather confusing. my quick initial read on it is that we're at session lows for the stock market, it's losing steam. the dollar has ticked up and the ten-year has ticked up. what's the feel on the floor? >> modestly to the downside but that's a narrow range, only down about 20 points from the initial announcement. there's a full-court press on by the federal reserve to convince the world that tapering is not tightening. the guests and steve have it right. look at the conversation from the minutes. fomc, discusses lowering 6.5% unemployment threshold. yellen talking about that yesterday in her letter. fomc debates providing additional assurances on low funds rate. fed funds rate. the point is they're really trying to convince the world there is a difference and judging by the reaction of the market fairly modest moves at least in the stock market they're winning. yellen will make this the centerpiece of what she'll be talking about the next several months. >> thank you so much, bob pisani. >> all right.
steve rightly said, the minutes were rather confusing. my quick initial read on it is that we're at session lows for the stock market, it's losing steam. the dollar has ticked up and the ten-year has ticked up. what's the feel on the floor? >> modestly to the downside but that's a narrow range, only down about 20 points from the initial announcement. there's a full-court press on by the federal reserve to convince the world that tapering is not tightening. the guests and steve have it...
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124
Nov 21, 2013
11/13
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let's check in with steve tanger and hear more about this company and where it is going. mr. tanger, welcome back to "mad money." hi, jim. >> nice to see you. >> nice to see you. >> if it's 98.7%, you can't get to 104%, what will he do to make money beyond what he's at it? >> jim, we've been fortunate in that our sales continue to rise, our tenants continue to prosper. we have a very low cost of occupancy for our tenants which allows us to continue to raise our rents. our rents were up about 23% so far this year, so we have a win-win situation. our tenants continue to make money and our shareholders make money. >> is it actually beneficial if someone of a lower rent were to actually go under, because you have people clamoring to get into your places? >> 99% occupied, we are statistically full occupied. most of the centers have waiting lists and of course, we don't root for anybody to go bankrupt, but should they decide to leave for whatever reason, we usually have a wait list to replace them. one of the things that's happened in the last few years, are the people who feel com
let's check in with steve tanger and hear more about this company and where it is going. mr. tanger, welcome back to "mad money." hi, jim. >> nice to see you. >> nice to see you. >> if it's 98.7%, you can't get to 104%, what will he do to make money beyond what he's at it? >> jim, we've been fortunate in that our sales continue to rise, our tenants continue to prosper. we have a very low cost of occupancy for our tenants which allows us to continue to raise our...
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345
Nov 5, 2013
11/13
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let's get to steve liesman. good morning to you, steve. >> andrew, thanks very much. i'm here with eric rosengren. yesterday, eric, we interviewed the loser, st. louis fed president jim bullard. and now, what did boston fed do, fiscal probabilities to the red sox? were you a player in the world series victory? >> i'm afraid we can't take any credit, but it certainly was wonderful news that the boston red sox won. >> okay. let's talk about fed policy move very quickly. you said last night at the university of massachusetts that it didn't matter if the fed tapered in april or december. it's irrelevant for the market. >> so i didn't say it was irrelevant to the market. i did say that the difference between one quarter or two quarters wouldn't make a big difference to the total stock of securities that we held. so given that we're close to $4 trillion, the difference of one quarter one way or the other doesn't make a huge difference in the stock. >> you're not talking about eliminating qe. you're talking about reducing it, reducing it over the three or four-month period.
let's get to steve liesman. good morning to you, steve. >> andrew, thanks very much. i'm here with eric rosengren. yesterday, eric, we interviewed the loser, st. louis fed president jim bullard. and now, what did boston fed do, fiscal probabilities to the red sox? were you a player in the world series victory? >> i'm afraid we can't take any credit, but it certainly was wonderful news that the boston red sox won. >> okay. let's talk about fed policy move very quickly. you said...
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Nov 26, 2013
11/13
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nbc's steve handelsman. so is there reason for optimism for the negotiated deal with iran, or is this a flawed plan that will only further embolden a rogue nation? joining us a michael rubin author of the new book "dancing with the devil, the perils of engaging rogue regimes." i guess we can tell where he stands. and former assistant of defense peter brooks. gentlemen, thank you so much for joining us. mr. rubin, let me start with you. so the president says they cannot risk not trying diplomacy. what do you say to that? >> you know, there is nothing wrong with trying diplomacy. the problem here is that this is a tremendously bad deal that leaves gaping holes in iran's capability. just for example, it doesn't touch parchin, which is according to national intelligence estimates where iran has experiments with nuclear bomb components such as nuclear weapons triggers. there should be a truth and reconciliation commitment on the part of iran to come clean on just what they have been working on. >> why can't we fi
nbc's steve handelsman. so is there reason for optimism for the negotiated deal with iran, or is this a flawed plan that will only further embolden a rogue nation? joining us a michael rubin author of the new book "dancing with the devil, the perils of engaging rogue regimes." i guess we can tell where he stands. and former assistant of defense peter brooks. gentlemen, thank you so much for joining us. mr. rubin, let me start with you. so the president says they cannot risk not trying...
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Nov 4, 2013
11/13
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sacked, steve cohen's s.a.c. capital in a record settlement with the feds, now kate kelly has the latest on what happens to the firm. and of course its founder. tweet this, twitter ups its ipo range. traders weigh in on whether they'd buy the stock when it opens for business. >>> the markets heading into the final stretch of the year looking for more gains. surprisingly, still looking for love. so, why is one of the strongest rallies in recent memory still searching for respect? and what does all it mean to where we go from here? "halftime". pete, where's the love in the rally? >> i think it doesn't really take a lot to find some of the love. i think part of the problem is the fact that the financials really have not participated this in quarter. look over at some of the industrial names, i pick out ge, one of the names that i like. we've seen a lot of option paper in there look at energy names, i'm not talking about the big cap energy that everybody always likes to focus on. i'm looking at some of the mid tier n
sacked, steve cohen's s.a.c. capital in a record settlement with the feds, now kate kelly has the latest on what happens to the firm. and of course its founder. tweet this, twitter ups its ipo range. traders weigh in on whether they'd buy the stock when it opens for business. >>> the markets heading into the final stretch of the year looking for more gains. surprisingly, still looking for love. so, why is one of the strongest rallies in recent memory still searching for respect? and...
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Nov 18, 2013
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steve liesman with the story. >> thanks. this poll conducted by public opinion strategists, which does the polling for cnbc the republican half of our polling team, did this poll on behalf of the international franchise association and the u.s. chamber of commerce. find a very negative impact right now on businesses and employment from the affordable care act. let's take a look at the graphics. 64% of franchise and 53% of nonfranchise are saying the aca is having an impact on their business. you might expect that but now let's take a look at what they're saying about specifically how. they say because of aca, 30% of franchise owners have replaced full with part time about 15% have seen reduced staff and more than 30% have reduced worker hours. this has potentially huge neck negative impact on employment. one other piece of data. asked if they would stay below 50 workers. 59 % of franchise owners and 52% of nonfranchise owners. there's a lot of debate about this. unclear whether or not it shows up in the official government d
steve liesman with the story. >> thanks. this poll conducted by public opinion strategists, which does the polling for cnbc the republican half of our polling team, did this poll on behalf of the international franchise association and the u.s. chamber of commerce. find a very negative impact right now on businesses and employment from the affordable care act. let's take a look at the graphics. 64% of franchise and 53% of nonfranchise are saying the aca is having an impact on their...
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Nov 19, 2013
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big talk, who will replace outgoing ceo steve ballmer. josh lipton live in bellevue, washington. >> reporter: it was an historic day at microsoft shareholder meeting. the last meeting with steve ballmer as ceo. ballmer's record at microsoft is mixed. revenue jumped but critics say he mixed big tech trends like mobile and social. stock is up sharply this year but down 25% under his watch. bill gates at the shareholder meeting today gave no guidance for when a new yi would be picked. he did seem to get choked up when talking about his friend, steve ballmer. >> we've got a commitment to make sure the next ceo is the right person for the right time for the company we both love. and we share a commitment that microsoft will succeed as a company that makes the world a better place. >> top picks to replace ballmer mentioned, ford ceo allen mulally and former nokia ceo elop, as well as kevin turner, coo and nadella of cloud and shared enterprise. microsoft made a point of emphasizing their cloud products. whoever replace ballmer and strategis, th
big talk, who will replace outgoing ceo steve ballmer. josh lipton live in bellevue, washington. >> reporter: it was an historic day at microsoft shareholder meeting. the last meeting with steve ballmer as ceo. ballmer's record at microsoft is mixed. revenue jumped but critics say he mixed big tech trends like mobile and social. stock is up sharply this year but down 25% under his watch. bill gates at the shareholder meeting today gave no guidance for when a new yi would be picked. he did...
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Nov 21, 2013
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steve ballmer is more revered. one that with $300 billion in market capitalization has to be considered a success. and this is not just within the industry. this has become a pop culture thing now. on last night's episode of "south park," ballmer's assassination by an angry and disappointed bill gates was a major subplot. not only viewed as a failure at his time at microsoft, he's sealed his deal where he says he recognizes that he's the person standing in the way of microsoft's progress. quote, maybe i'm an emblem of an old era and i have to move on. what was keeping microsoft from succeeding? quote, at the end of the day, we need to break a pattern. face it, i am a pattern. and so even he admitted it was time to go. was ballmer too hard on himself? to them he is a befuddled fool who didn't see cloud, didn't see social, didn't see mobile coming. and he thought he could ignore it or build it all into xbox one. what i would ask these executives offline what is the biggest nightmare? they almost all said the same thi
steve ballmer is more revered. one that with $300 billion in market capitalization has to be considered a success. and this is not just within the industry. this has become a pop culture thing now. on last night's episode of "south park," ballmer's assassination by an angry and disappointed bill gates was a major subplot. not only viewed as a failure at his time at microsoft, he's sealed his deal where he says he recognizes that he's the person standing in the way of microsoft's...
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Nov 5, 2013
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i want to bring in steve conover. you've got pretty impressive numbers here, and 129 million people according to your plans, according to your calculations. 129 million people either lose their insurance or have to get much higher premium insurance. is that true? how'd you get there? >> well, that is true. spinners like david axelrod have been claiming that this problem will only affect 5% of americans. the people that are getting nongroup coverage. that's not true. that's absolutely false. this problem of losing coverage is going to affect employer -- people with employer-based plans as well. now, out of that 129 million, only 18 to 50 million actually will lose their plan and have to start from scratch. but the rest will be ending up buying more expensive coverage because they have to pay for it. >> those are big numbers, chris. the top of the ranges are huge potential numbers. and then your second point, which is coming out this memo that nbc got, the obama administration now realizes premium increases may be just
i want to bring in steve conover. you've got pretty impressive numbers here, and 129 million people according to your plans, according to your calculations. 129 million people either lose their insurance or have to get much higher premium insurance. is that true? how'd you get there? >> well, that is true. spinners like david axelrod have been claiming that this problem will only affect 5% of americans. the people that are getting nongroup coverage. that's not true. that's absolutely...
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Nov 15, 2013
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here now is steve scalise, chair of the republican study committee. his alternative health care bill gained its 105th co-sponsor earlier today. also with us, republican ron johnson who is sponsoring a bill that would allow americans to permanently keep their existing health care plans. the house is going to vote on that bill tomorrow. senator johnson, quickly, did any change today with president obama's speech, which we are describing which is less there than meets the eye, to reyou knew the canceled policy. >> there are no legal authorities to do so but also what he's proposing is simply not going to work. we've already got so much damage already caused by obama care into the individual insurance markets, all of these plans have been approved by state regulators, the rates have been approved, it's hard to turn the back on this. state high risk pools are being disbanded first part of the year. it's going to be pretty difficult. i don't see how president obama, other than making a political statement, is about the only thing that his executive order is
here now is steve scalise, chair of the republican study committee. his alternative health care bill gained its 105th co-sponsor earlier today. also with us, republican ron johnson who is sponsoring a bill that would allow americans to permanently keep their existing health care plans. the house is going to vote on that bill tomorrow. senator johnson, quickly, did any change today with president obama's speech, which we are describing which is less there than meets the eye, to reyou knew the...
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Nov 5, 2013
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. >> steve weiss, does it continue, and what keeps it going? >> it does continue. and what keeps it going is the bond market. and the economy. so we saw an ism number that came out today better than expected. bonds, rates are backing up. it is the only game in town, remains the only game in the global town. so that's what keeps it going. could we see 3%, 5% down? absolutely. but at the end of the year, we're going to get an early january effect again, and the market will hit new highs. >> the question dan nathan, is there too much euphoria over this market? people have used the bubble word, tobias at citi, with a note questioning the euphoria in the market, saying that firm's proprietary sentiment tracker has climbed to its highest level since 2008, now approaching euphoria territory. which is worrisome. >> yeah, i mean, there's been a lot of talk about bubbles in the last week. we heard larry fink refer to possibly equities being that way. i lived through a couple of bubbles. it doesn't feel that way, to be honest with you, right now. it feels like, if we're proba
. >> steve weiss, does it continue, and what keeps it going? >> it does continue. and what keeps it going is the bond market. and the economy. so we saw an ism number that came out today better than expected. bonds, rates are backing up. it is the only game in town, remains the only game in the global town. so that's what keeps it going. could we see 3%, 5% down? absolutely. but at the end of the year, we're going to get an early january effect again, and the market will hit new...
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Nov 15, 2013
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rick tweet, sage advice from the steve miller band, take the money and run. and bobby tweets, have a snapchat from myspace to remind him how quickly teens change their minds. >> myspace is a great example. it's funny. jon fortt joins us. i remember there was a point at which news corps owned it, they were trying to swap it into yahoo! that's how valuable they felt it was at the time. and then they sold it for nothing, 300 million bucks. >> yeah, the value snap-chatted away. even though it sounds crazy, when somebody offers to buy a zero revenue start-up for billions, don't forget instagram. that will probably go down as smart as youtube -- google's acquisition of youtube for $1.65 billion years ago, because if they're willing to pay $3 billion for snapchat now, they'd be paying $5 billion for insta many g instagram -- >> and not dissimilar. you're talking about two that are hits with young people. >> photos go away, so they'll have to have a challenge monetizing that for the long term. people don't want their data retained if they're using snapchat. but maybe
rick tweet, sage advice from the steve miller band, take the money and run. and bobby tweets, have a snapchat from myspace to remind him how quickly teens change their minds. >> myspace is a great example. it's funny. jon fortt joins us. i remember there was a point at which news corps owned it, they were trying to swap it into yahoo! that's how valuable they felt it was at the time. and then they sold it for nothing, 300 million bucks. >> yeah, the value snap-chatted away. even...
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Nov 19, 2013
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let me talk to my pal, steve mcmahon. steve mcmahon, here is what i'm waiting to see. the president should voluntarily lengthen all of the timetables to let this thing breathe. why isn't he doing that? he is still sticking to mid-december and early january and march 31st. why is that? >> he wants to get it online, larry. this is something that democratic presidents have fought for 60 years to get this done. he finally got it done. larry sabato pointed out it's his legacy issue. it's obviously a problem, but he wants to get it done and he doesn't want to back off any more than he has to. so they're going to try to get the website problems fixed. and they're going try to move forward as quickly as possible to get people enrolled. remember, before this bill passed, people could be denied coverage for preexisting conditions. you know the whole litany of things there is a lot of good that has come from this policy. and the roll-out obviously has been a disaster, and a political disaster. but it doesn't change the underlying -- the underlying quality of the policy of getting
let me talk to my pal, steve mcmahon. steve mcmahon, here is what i'm waiting to see. the president should voluntarily lengthen all of the timetables to let this thing breathe. why isn't he doing that? he is still sticking to mid-december and early january and march 31st. why is that? >> he wants to get it online, larry. this is something that democratic presidents have fought for 60 years to get this done. he finally got it done. larry sabato pointed out it's his legacy issue. it's...
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Nov 22, 2013
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tim seymour, steve grasso and guy adami. let's get to our top story. the s & p and dow closing at highs of the day. the do you seeing its longest weekly winning streak in three years. so with another day of records, is this becoming a true stock pickers market? guy adami? >> it always has been, to a large extent. yeah, it's been that type of market. i do think it's a stock picker's market, we've done a good job. i'm shocked that we didn't trade down to 1760 this week, i thought we were headed. there i thought we would go to 1740 the week before. the fact we continue to make these moves without any semblance of even a minor move to the downside scares me. so i think 1760 is in the cross hairs, i'm surprised we are here. >> correlations have come off as opposed to risk on risk off, it's truly just a market of stocks as opposed to stock market. >> yeah. but you know, to guy's point, we've had so many pullbacks, when i looked at the chart i would swear we would have every reason to backtrack to 1730, backtrack to 1698. we haven't done it. but i think it's
tim seymour, steve grasso and guy adami. let's get to our top story. the s & p and dow closing at highs of the day. the do you seeing its longest weekly winning streak in three years. so with another day of records, is this becoming a true stock pickers market? guy adami? >> it always has been, to a large extent. yeah, it's been that type of market. i do think it's a stock picker's market, we've done a good job. i'm shocked that we didn't trade down to 1760 this week, i thought we...
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Nov 18, 2013
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steve liesman is very grateful. microsoft france is transforming the hotel o in paris into xbox 1 hotel. rooms are being decorated to look like scenes from the new xbox games and the who he tell bar offering xbox inspired cocktails. the hotel will stay game themed until the new year and opens to the public on friday. it's really, really hard core gamers. speaking of hotels, we'll take you inside one hotel that's going the way of the godfather and letting guests sleep with the fish. >> but first, starbucks versus charbucks. this was a real fight, by the way. a 12-year court battle just ended. why the court says the coffee giant did not have the grounds to stand on. the xbox 1. yeah. we're back after this. the american dream is of a better future, a confident retirement. those dreams, there's just no way we're going to let them die. ♪ like they helped millions of others. by listening. planning. working one on one. that's what ameriprise financial does. that's what they can do with you. that's how ameriprise puts mor
steve liesman is very grateful. microsoft france is transforming the hotel o in paris into xbox 1 hotel. rooms are being decorated to look like scenes from the new xbox games and the who he tell bar offering xbox inspired cocktails. the hotel will stay game themed until the new year and opens to the public on friday. it's really, really hard core gamers. speaking of hotels, we'll take you inside one hotel that's going the way of the godfather and letting guests sleep with the fish. >> but...
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Nov 22, 2013
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steve, good to see you. thank you very much. good stuff. >>> chinese state media is reporting a deadly pipeline explosion in an eastern chinese city. xinhua news agency says 22 people are dead. the accident is under investigation but they say caused by an oil leak. >>> baby steps. the eu and china have agreed to start talks on an investment treaty while signing cooperation deals in intellectual property, energy security and agriculture at a summit in beijing. the deal marks a thawing of ties long marred by trade spats, but a full trade agreement is likely to be elusive. now both sides will simply study whether an fta is really doable. >> translator: both sides declared we have officially launched a negotiation for an investment agreement and will proactively study the feasibility of a free trade agreement. we will try our best to increase the bilateral trade to $1 trillion u.s. these are all major efforts to push forward china/eu economic and trade relations. >> cyclone helen is closing in on india's east coast. the storm with w
steve, good to see you. thank you very much. good stuff. >>> chinese state media is reporting a deadly pipeline explosion in an eastern chinese city. xinhua news agency says 22 people are dead. the accident is under investigation but they say caused by an oil leak. >>> baby steps. the eu and china have agreed to start talks on an investment treaty while signing cooperation deals in intellectual property, energy security and agriculture at a summit in beijing. the deal marks a...
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Nov 1, 2013
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steve weiss, are we in a bubble or not, because that's been the talk of the week. >> no, we're not. does anything go up in a straight line? absolutely not. but the market still has plenty of juice that's going to drive it higher well into next year. the reason being, we're still below an average market multiples, looking to 2014. 23 times since 1950 -- so a third of the time -- the market's gone up more than 20%, and about 13 times it's gone up more than 30%. and we've had multiple years back-to-back of better than 20%. so i'm still very positive on the market. if you're negative on bonds at all, the market has only gone down one year, where bonds have gone down one year. that's 1969, very explainable. so if you have a negative bond bet, and i do, because 10 years at historically low rate, you have to be bullish on equities. >> nathan? >> there's pockets in the equity markets, there's clearly pockets. look at what's going on in solar. look what's going on in the web 2.0, the names. >> the market in general. we'll get to the subsectors -- >> i tend to be more skeptical than a lot of
steve weiss, are we in a bubble or not, because that's been the talk of the week. >> no, we're not. does anything go up in a straight line? absolutely not. but the market still has plenty of juice that's going to drive it higher well into next year. the reason being, we're still below an average market multiples, looking to 2014. 23 times since 1950 -- so a third of the time -- the market's gone up more than 20%, and about 13 times it's gone up more than 30%. and we've had multiple years...
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Nov 20, 2013
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steve says there is no inflation. that was your comment. >> i didn't understand if it was sarcastic or realistic or what? >> is whirly bird janet used yet? >> in december, we could taper 85 billion. >> blow it out. all at once. >> what do you think? >> i have no idea. i think our taper and fed programs are a lot like fax policy in france right now. >> lovely. steve, you want to take that on? >> i want to talk about the retail sales numbers. we spent less at the gas pump. i don't want to do it. >> i know. >> i heard you say serenity now. i'm focused on the data. happy. here we go. we spent less money at gasoline station because we had a decline on prices. we spent it on sweaters. 1.4% increase on clothing. we had a decline in vehicles related to the labor day calendar et cetera. food and beverage up 1.3%. consumer may be healthier than we thought. part that feeds in, i'm wondering perhaps we get a revision higher in the gdp estimates for fourth quarter. there does not appear to be inflation in measured numbers we follo
steve says there is no inflation. that was your comment. >> i didn't understand if it was sarcastic or realistic or what? >> is whirly bird janet used yet? >> in december, we could taper 85 billion. >> blow it out. all at once. >> what do you think? >> i have no idea. i think our taper and fed programs are a lot like fax policy in france right now. >> lovely. steve, you want to take that on? >> i want to talk about the retail sales numbers. we...
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Nov 11, 2013
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we have michael yoshikami at the new york stock exchange, also a cnbc contributor, steve saks, michael hennessey is out in the stratosphere somewhere. >> he's with me. >> i thought he was. good see you all. >> michael, here we go again. very strong jobs report on friday. the blue chips at least liked it but the secondary stocks, the small caps, have been suffering lately. what's going on in this market, do you think? >> i like the sendingary stocks. of the beta stocks have rallying. look at tesla, i realize there's fires going on there but secondary stocks have had huge rallies. i think what you're going to start to see as fundamentals, granted, on the slow basis, start to improve you'll see core stocks continue to pick up momentum. >> maria? >> neil hennessey, what about momentum? they have been driving the day all this year and then when they started to roll over the last couple of weeks. would you put new money in the market now and where are the groups that lead, if in fact we were to see the rally continue? >> if you're not in the market at all, you should be committing some money
we have michael yoshikami at the new york stock exchange, also a cnbc contributor, steve saks, michael hennessey is out in the stratosphere somewhere. >> he's with me. >> i thought he was. good see you all. >> michael, here we go again. very strong jobs report on friday. the blue chips at least liked it but the secondary stocks, the small caps, have been suffering lately. what's going on in this market, do you think? >> i like the sendingary stocks. of the beta stocks...
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Nov 26, 2013
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can i go to steve, please, in tennessee, steve? >> my stock has been a good performer in the last couple of years, but with recent downgrades should i buy, sell or hold clorox? >> clorox, i don't think there's any reason to do anything. i saw the goldman. the stock moved up from 82 to 94. i know that it's a bond market equivalent story. could it go to 87 or 88? i'm willing to accept that risk and you should, too. there are always silver linings in a bull market. i'd like to help you find them by accentuating the positive, because i'm trying to make you money. that's what it's about, people. "mad money" will be right back. >>> coming up, hain gains? organic foods are taking over the grocery, and as more consumers demand these dishes cramer's looking at the companies coming out on top. is it time to gobble up the stock ahead of the thanksgiving holiday? cramer carves into the story ahead. and later, cosmic cash? the solar sector went from cloudy to shooting star this year. and stand-out stock first solar has been leading the charge.
can i go to steve, please, in tennessee, steve? >> my stock has been a good performer in the last couple of years, but with recent downgrades should i buy, sell or hold clorox? >> clorox, i don't think there's any reason to do anything. i saw the goldman. the stock moved up from 82 to 94. i know that it's a bond market equivalent story. could it go to 87 or 88? i'm willing to accept that risk and you should, too. there are always silver linings in a bull market. i'd like to help you...
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Nov 14, 2013
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simon baker is here along with steve weiss, joe terranova, and stephanie link. stephanie, on a year when the health stocks have done well, health care is the second best performing sector out of the s&p 500 this year. i'm wondering what your thoughts are, and what happens with the stocks? >> i don't think anything he said is a surprise. you have to expect the blame game comes out of washington on both sides. this is a mitigated disaster. the insurance companies budget at least a year in advance. so they're a little offsides in the budgets. at the end of the day, i don't think it matters. maybe you see them reset expectations next quarter or pre-announce, in terms of reduced expectations, but you still need to be in a group that continues to grow, whether the economy is growing or not growing, so i like it. more importantly, what this did was, it sort of casted yellen in a shadow, and that was by far, to me, the more important conversation today, what she was saying. >> well, yellen certainly has had somewhat of an impact on the overall market today by virtue of
simon baker is here along with steve weiss, joe terranova, and stephanie link. stephanie, on a year when the health stocks have done well, health care is the second best performing sector out of the s&p 500 this year. i'm wondering what your thoughts are, and what happens with the stocks? >> i don't think anything he said is a surprise. you have to expect the blame game comes out of washington on both sides. this is a mitigated disaster. the insurance companies budget at least a year...
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Nov 19, 2013
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steve weiss long. >> pete? >> buy citi and bank of america. >> i would take a shot of cpb. >> i like franks international oil service. "power" starts now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> all right. scott, thank you very much. jpmorgan expected to settle any minute now really with the government to the tune of some $13 billion. has it put the worst behind it or not? is it time to buy jpmorgan stock or look to other financials? we're going to take a look at that whole sector and see where you might best make some money now. tesla is under fire, yes fire, as the government begins an investigation surprisingly, the stock is up today. selling off rather sharply in the last three or four weeks. we will tell you if the inquiry will put a dent into tesla's sales. you may be surprised on that one. strong quarter for home depot, boosted by a resurgent home remolding sector. is the stock, a buy, sell or a hold. old-school debate coming up. first let's check
steve weiss long. >> pete? >> buy citi and bank of america. >> i would take a shot of cpb. >> i like franks international oil service. "power" starts now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> all right. scott, thank you very much. jpmorgan expected to settle any minute now really with the government to the tune of some $13 billion. has it put the worst behind it or not?...
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Nov 20, 2013
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. >> that's steve tiger, president and ceo of tanger outlet centers and it's got good yield and it's got growth. you have to have both in this market. stay with cramer. >> coming up, the right fit? from google glass to smart watches, wearable tech is the next big thing, but the line of activity trackers have the fuel to run with the big boys. find out when our week-long series, invest in america, defining a future continues. ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's mom has got it goin' on ♪ [ male announcer ] the beautifully practical and practically beautiful cadillac srx. get the best offers of the season now. lease this 2014 srx for around $369 a month with premium care maintenance included. ♪ humans -- even when we cross our "t's" and dot our "i's," we still run into problems. that's why liberty mutual insurance offers accident forgiveness with our auto policies. if you qualify, your rates won't go up due to your first accident. because making mistakes is only human, and so are we. we also offer new car replacement, so if
. >> that's steve tiger, president and ceo of tanger outlet centers and it's got good yield and it's got growth. you have to have both in this market. stay with cramer. >> coming up, the right fit? from google glass to smart watches, wearable tech is the next big thing, but the line of activity trackers have the fuel to run with the big boys. find out when our week-long series, invest in america, defining a future continues. ♪ ♪ stacy's mom has got it goin' on ♪ ♪ stacy's...
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Nov 1, 2013
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. >> ad hoc pop for steve grasso. finally showed up. he made it through traffic, which has been horrendous because of the marathon. he'll join us later on in the show. all right. coming up next, it's time for trade school, ipos with a huge day, one huge one day gains. >> go ahead. try it again. >> tough to figure out. but our traders are on the case. then ever wonder how your phone knows when you turn on the side. a company makes that and other motion tracking technology possible. stock is up 50% this year, talking to the ceo, and we're going to trade that stock straight ahead on fast. really? what's wrong with trying new things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. >>> we started off the show, we were missing a trader, look who we have here. >> went to the wrong building i apologize. >> nice. >> it's onl
. >> ad hoc pop for steve grasso. finally showed up. he made it through traffic, which has been horrendous because of the marathon. he'll join us later on in the show. all right. coming up next, it's time for trade school, ipos with a huge day, one huge one day gains. >> go ahead. try it again. >> tough to figure out. but our traders are on the case. then ever wonder how your phone knows when you turn on the side. a company makes that and other motion tracking technology...
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Nov 20, 2013
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we start with steve in missouri. steve! >> caller: hey, jim, a big mizzou tigers boo-yah to you. >> we love the mizzou. what's up? >> caller: i am talking about a stock you mentioned in the past. they had weaker than expected earnings and guided lower, but revenue is still growing for chart industries. >> i said after that quarter when they were in the 100s, i could not get behind the company until i had sam on. i need the ceo. why? because i frankly did not understand the shortfall and until i do, i can't get behind it. i need to go to willie in florida. willie. >> caller: jim, how are you doing? a gobble, gobble, boo yah to you. >> sweet kind of boo yah to you. whats up? >> back in may, i came out with ingus tickered at bya or boya. i understand it has something to do with the buyout. i have been doing fairly well. but i never see it reported on cnbc or see it on the sticker. >> well, so you know, a lot of peel didn't like this company when it came public. i myself was skeptical. you got a very good run in it. >> that sai
we start with steve in missouri. steve! >> caller: hey, jim, a big mizzou tigers boo-yah to you. >> we love the mizzou. what's up? >> caller: i am talking about a stock you mentioned in the past. they had weaker than expected earnings and guided lower, but revenue is still growing for chart industries. >> i said after that quarter when they were in the 100s, i could not get behind the company until i had sam on. i need the ceo. why? because i frankly did not understand...
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Nov 7, 2013
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our own steve weiss said he had cover eed most of his. >> he did. for steve, a great trade, because he was short initially up in the mid-teens. this is a situation, i think a lot of people are going to start talking about it. after seeing the number today, scott. going to start talking about best buy and how they were going out of business until they finally turned around and tripled, went up 300%. i'm not saying jcpenney is about to go into the mid-20s. but in that line in the sand is drawn, where they've stopped going lower, the bounce-back into mid-teens will happen quicker than people are expecting. >> yeah, josh brown -- >> yeah, go ahead, steph. >> i don't know if i would get that excited for .9%. i know expectations are low. when you have costco with 6%, or t.j. that raised guidance, you want to -- >> and discounted the hell out of that, to get the .9%. >> right, right. so the margins, so you don't know the profitability -- >> that's not a healthy point 9%. >> josh, talk to me about tesla while you're at it. >> i would just tell you that i th
our own steve weiss said he had cover eed most of his. >> he did. for steve, a great trade, because he was short initially up in the mid-teens. this is a situation, i think a lot of people are going to start talking about it. after seeing the number today, scott. going to start talking about best buy and how they were going out of business until they finally turned around and tripled, went up 300%. i'm not saying jcpenney is about to go into the mid-20s. but in that line in the sand is...
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Nov 8, 2013
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yes, today i would have taken the money, steve miller style, and run. why am i not jumping up and down and telling you you're in big trouble if you own it? why aren't i talking about the double bubble toil and trouble that you're going to find yourself in and how you're going to get hurt? let me give you the possible justifications. i have enough caveats for why this out of the gate move in twitter might not be so dangerous for you. for me, you know, i got to say i'm old. i have my rules, but you don't follow my rules. after spending the last few weeks yapping about the relative valuation, predicting a few weeks ago it would be $20 billion, i was being viewed, by the way, as crazy to ponder such a high price, i can safely say that everyone who bought it today has officially as they say in law school, come to the nuisance. you know you overpaid and you didn't care. that means caveat emptor. you've been warned and it didn't bother you one bit. as i said at the opening, there is free will. you have every right to overpay for a stock. believe me, if you bou
yes, today i would have taken the money, steve miller style, and run. why am i not jumping up and down and telling you you're in big trouble if you own it? why aren't i talking about the double bubble toil and trouble that you're going to find yourself in and how you're going to get hurt? let me give you the possible justifications. i have enough caveats for why this out of the gate move in twitter might not be so dangerous for you. for me, you know, i got to say i'm old. i have my rules, but...
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Nov 19, 2013
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those ceos who make those mistakes, we see steve balmer exiting microsoft. why? he didn't go social, or mobile, or cloud. he told us he was going to, but he didn't. the reason that you read "the wall street journal" this weekend, what did he say? >> standing amid progress. >> he says he's a representative of the past. >> right. >> dreamforce is a representative of the future. >> okay. let's go big. why was the president not social, mobile, cloud for health care, and why didn't he just turn to you or why didn't you tell him how to do it? >> he was for his campaign, and then he didn't do it in this agency. i don't know why. >> why don't you just take it over? >> we're busy here, jim. >> you didn't even offer? >> we did. we offered to do it for free. we offered to run it for free for the next five years, rebuild it for free. but, you know -- >> is that too expensive for the president? >> well, i think it's hard for them to process what does that mean. >> they have a customers relations problem. >> it is. >> the customer was forgotten. >> it's our sweet spot. but you
those ceos who make those mistakes, we see steve balmer exiting microsoft. why? he didn't go social, or mobile, or cloud. he told us he was going to, but he didn't. the reason that you read "the wall street journal" this weekend, what did he say? >> standing amid progress. >> he says he's a representative of the past. >> right. >> dreamforce is a representative of the future. >> okay. let's go big. why was the president not social, mobile, cloud for...
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Nov 11, 2013
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joining us from wells capital management jim paulson steve from fed deteriorated investorsp when you go through names like that low quality rally if that's the last gaps before a downturn, what do you think? >> well, i certainly see, you know, there's some warning indications even as bob pointed out. people are not exactly giddy with optimism but they're no longer as pessimistic as they were, complain sensy, values are way up that where the interest rates are also rising. i guess i kind of think that the thing driving this market a lot higher, i believe money velocity for the first time in this recovery, brian, is starting to turn up and the initial signs of that is the economy starts feeling better and i think that's what the stock market's picking up. i'm not so sure that's done. we may go higher into 2014 and maybe when we find out velocity has turned up and that creates a lot of fear around the fed and their exit strategy, a tougher half of 2014 but might be from higher levels. >> good point. may be higher. the point about the complacency here, steve, even though complacency migh
joining us from wells capital management jim paulson steve from fed deteriorated investorsp when you go through names like that low quality rally if that's the last gaps before a downturn, what do you think? >> well, i certainly see, you know, there's some warning indications even as bob pointed out. people are not exactly giddy with optimism but they're no longer as pessimistic as they were, complain sensy, values are way up that where the interest rates are also rising. i guess i kind...
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Nov 7, 2013
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steve liesman in studio. and i don't -- we've got to get to these numbers, rick. but i'll tell you, i figure you're thinking, these euros, misery loves company, we're going to race to the bottom with currency debasement. liesman comes over and says see how stupid they are, took them a long time to realize what the right thing to do was. i'd love to get you two guys going on that. >> bring it on. >> anyway, give us the numbers. >> all right. the survey says our first look at third quarter gdp, better than expected, 2.8%. and i'll tell you what, that is definitely more than i was looking for. let's go through the internals. consumption number, definitely on the weak side. we knew this, 1.5 versus our last look at 1.8. the price index triple our last look, actually. comes in at 1.9. also hotter, if you look at the personal consumption expenditure quarter over quarter, 1.4. so to summarize, the headline numbers definitely hot. the consumption is not and the prices are a little hotter than we expected. 336 on initial jobless claims, that's a drop of 9,000 from 345,000.
steve liesman in studio. and i don't -- we've got to get to these numbers, rick. but i'll tell you, i figure you're thinking, these euros, misery loves company, we're going to race to the bottom with currency debasement. liesman comes over and says see how stupid they are, took them a long time to realize what the right thing to do was. i'd love to get you two guys going on that. >> bring it on. >> anyway, give us the numbers. >> all right. the survey says our first look at...
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steve ratner was tweeting something very similar. what is it today that reminds you so much of the difficult period you went through back during the tech boom? >> well, friendfinder was a little unique, whereas we had great access to the debt capital markets as we rolled -- as we did our acquisitions, but really didn't have access to the equity markets as we had hoped. institutions just weren't ready for the headline risk involved in adult content. you see a lot of companies today, there's a lot of risk with the twitter ipo. if you look at groupon or zynga, whose revenue growth slowed dramatically, and the stocks have gotten beaten as they haven't performed. you know, twitter's got a lot of people looking at it right now, wanting to see it have huge revenue growth that will continue, and eventually income. at the end of the day, the companies have to make money. >> so just to get this straight, you're saying that the problem back then with friendfinder wasn't the company? it was wall street? >> well, we had counted on -- you know, we
steve ratner was tweeting something very similar. what is it today that reminds you so much of the difficult period you went through back during the tech boom? >> well, friendfinder was a little unique, whereas we had great access to the debt capital markets as we rolled -- as we did our acquisitions, but really didn't have access to the equity markets as we had hoped. institutions just weren't ready for the headline risk involved in adult content. you see a lot of companies today,...
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Nov 12, 2013
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. >> is that the right play, steve? >> there's so many stocks to choose from where you can justify valuation, life's just too short and the game's too hard to mess around with twitter. there's no fundamental basis, as barry diller says, for this valuation. i'm not saying it's a faddish company. no, it's a real company with reed prospects, but the valuation, the embracing here, is a big fad. i wouldn't own it -- >> steve, i would agree you're right about that, but also counter with none of the great growth stocks throughout history were ever cheap, and by the time they were and valuations were reasonable, that's exactly the time when you -- >> okay, so instead of giving me a history lesson, go out and buy it. >> i own it. >> you own twitter? >> correct. >> but i thought you lightened up -- >> it's not a history lesson. netflix was never justifiable at any valuation. >> difference. >> everything's different! >> exactly. exactly. here's the deal. [ overlapping speakers ] >> -- netflix has a sure operating history. netflix
. >> is that the right play, steve? >> there's so many stocks to choose from where you can justify valuation, life's just too short and the game's too hard to mess around with twitter. there's no fundamental basis, as barry diller says, for this valuation. i'm not saying it's a faddish company. no, it's a real company with reed prospects, but the valuation, the embracing here, is a big fad. i wouldn't own it -- >> steve, i would agree you're right about that, but also counter...